Market Update

Garment provided USD 3 billion wages with workers' income above global poverty line

On Saturday, May 27, 2023, Prime Minister Hun Sen said that the garment sector in Cambodia alone had paid more than USD 3 billion in wages annually, with an average compensation of USD 200 per month, who can earn about USD 6.6 per day of their income ...

29th May 2023

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Market Update

ASEAN Trade in Services Agreement is approved by the National Assembly

On May 23, the National Assembly's (NA) ninth commission unanimously endorsed a draft bill for ratification of the ASEAN Trade in Services Agreement (ATISA), which is anticipated to strengthen economic relations between members of the ...

26th May 2023

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Market Update

In the first quarter of 2023, 1.29 million foreign visitors came to Cambodia

The Ministry of Tourism reported that 1.29 million foreign visitors came to Cambodia in the first quarter of this year, an astounding rise of 709% from 159,546 during the same period in 2022. The top three tourist markets during that time were Thailand, Vietnam, and ...

25th May 2023

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Market Update

Cambodia explores electronic payment methods for Chinese visitors

Cambodia has taken initiatives to make it simpler for tourists to travel to the nation and pay for goods and services in order to entice one million Chinese visitors there by 2023. On Monday, April 22, 2022, representatives of the Ministry of Tourism met with representatives of UnionPay International ...

24th May 2023

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Market Update

MDIs predominate the microfinance market in Cambodia

According to the most recent banking supervision report published by the National Bank of Cambodia (NBC), four of the five microfinance deposit-taking institutions (MDIs) including Prasac, AMK, LOCL, Amret, and Mohanokor have dominated the microfinance market in ...

23rd May 2023

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Market Update

Tonle Bassac project approved by cabinet for $1.7 billion

Following the conclusion of a 26-month study, the Council of Ministers on Friday 19 April 2023 approved the Tonle Bassac navigation and logistics system project, estimated to cost $1.7 billion. The project's goal is to connect the Mekong River ...

22nd May 2023

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Equity Report

PPWSA 1Q23 Review: Core revenue growth continues to be resilient

Water subscriptions increased 4.8% YoY to 458,909 connections at the end of 1Q23. Household clients make up the vast majority of water subscribers, with 366,997 connections, or 80.0% of the total connections. Commercial and industrial clients account for 85,180 connections or 18.6% of the total, while the remaining ...

22nd May 2023

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Market Update

The World Bank estimates 5.5% GDP growth for Cambodia in 2023

The World Bank projected that an increasing agriculture sector and easier access to regional markets will cause the national economy's growth to accelerate to 5.5% in 2023. According to the report, real growth in Cambodia's economy accelerated to 5.2 percent ...

19th May 2023

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Equity Report

PPWSA 2022 Review: Bottom line declines despite solid growth of water sales

• At the end of 2022, there were 451,554 connections, a rise of 4.7% from the end of 2021. Household customers make up 360,948 connections, or 79.9%, of the total subscriptions, while commercial and industrial customers make up 83,874 connections or ...

18th May 2023

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Market Update

Cambodian exports are impacted by a slowdown in major markets

The General Department of Customs and Excise said that the value of garment exports in the first four months of 2023 fell by 28% from the same period last year to $1,394 million. Exports of travel-related goods also fell by 23% to $515 million. Overall, exports to important markets like ...

18th May 2023

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